Atkore Inc. (ATKR) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S) in the United States and internationally.
The company offers electrical raceway products, including electrical conduits and fittings, armored cables and fittings, and cable trays and mounting systems and fittings.
It also provides MP&S products comprising metal framing and fittings, mechanical pipes, and barbed tapes, as well as construction services related to design, fabrication and installation, modular support structures, and fall protection.
The company offers its products under the Allied Tube & Conduit, AFC Cable Systems, Heritage Plastics, Unistrut, Power-Strut, Cope, and Calpipe brands, as well as other sub-brands. It serves a group of end markets, including new construction; maintenance, repair, and remodel, as well as infrastructure; diversified industrials; alternative power generation; healthcare; data centers; and government through electrical, industrial, and mechanical contractors, as well as original equipment manufacturers.
The company reported its earnings yesterday. Atkore (ATKR) reported Quarter June 2021 earnings of $3.64 per share on revenue of $853.7 million.. Revenue grew 121.8% on a year-over-year basis. The news caused shares to break out of their bullish "wedge."
Entry Point: $82.00
Stop Loss: $79.00
Trading Range: $20.42 to $90.08
Target Price: $91.00
ATKR closed at $94.50